How HIGH Could Silver Go in December?
" By: John Townsend, The TSI Trader
There is no other way to describe silver's price movement of the past 13 weeks other than to call it parabolic. With that in mind, I thought it would be interesting to do a little study of past silver parabolic moves and see if I could get a handle on just how high silver could travel into December before it implodes.
For this study I have chosen to examine the relative degree to which silver price can exceed its underlying 200 day moving average. This weekly chart of the World Silver Index (XSLV) uses the 40 week moving average as a proxy for the 200 day moving average. "